The facts about your credit score
Your credit score is based on your past and present credit transactions. Having a good credit score is important because most lenders use credit scores to evaluate the creditworthiness of a potential borrower.
Tag: Finances for Families
Financial Literacy on the Front Range – JA Finance Park
Are you familiar with Junior Achievement (JA)? It is the world’s largest organization dedicated to preparing young people to succeed in a global economy. JA utilizes a volunteer network to deliver programs for students on entrepreneurship, financial literacy and work readiness. We are fortunate to have Junior Achievement-Rocky Mountain, Inc. serving our area youth. Elevations’
Goodbye High-Interest Loan: Refinance to Save
There are creative ways to refinance debt and save money in the process. For instance, a lower-interest auto loan can be used to refinance a high-interest loan like a credit card.
Apply for a Loan: 3 Questions Underwriters Ask
In addition to looking at your debt-to-income ratio and credit report, there are several other considerations underwriters take into account when reviewing your loan application. In this third and final part of our “Apply for a Loan” series, look at three additional questions underwriters ask. 1. How stable is your income? If you’ve been at your
How to Calculate Your Debt-to-Income Ratio
When you’re considering applying for a loan, understand how underwriters look at you and calculate your debt-to-income ratio (DTI), plus take into consideration your financial situation and obligations to feel comfortable, as well.
